24/7 Blockchain industry dynamics and breaking crypto news
Binance launched USDⓈ-M perpetual contracts for four TradFi assets—ZCSH, MSTU, SNPS, and RDW—on October 12. These contracts, tracking specific stocks/ETFs, offer up to 20x leverage with funding settlements every 8 hours, rolling out in staggered time slots.
Read MoreA new wallet address withdrew 600,007 UNI tokens worth $4.61 million from Binance. Over two days, it has accumulated nearly 700,000 UNI valued over $5.3 million, signaling strong buying interest and sparking speculation about UNI's price direction.
Read MoreFollowing reports of unauthorized hardware in Ledger devices sold via CryptoBilis, OneKey has terminated its partnership with the distributor and initiated a strict channel review. Eligible users who purchased OneKey hardware from CryptoBilis after March 1, 2026, can receive a free replacement without returning old devices. The company warns that official support will never request recovery phrases or PINs.
Read MoreAn anonymous trader has realized over $20 million in unrealized gains on a large NEAR position, opened in September at $2.35. As NEAR surged 145% to $5.85, the strategic long bet highlights precise market timing. This analysis explores the trade's context and potential strategy.
Read MoreOn October 12th, a crypto whale address "0x93c...3C6B9" deposited 11.64 million ENA tokens (worth ~$2.85M) to Bybit. This marks its largest transfer in nearly a year and a major move after a month's pause, originating from an Ethena Proxy address, drawing significant market attention.
Read MoreBeijing police have launched a criminal investigation into CreditEase-linked entities, with controllers detained. The Chinese fintech firm, which invested in crypto projects, halted redemptions months ago and now admits insolvency, exposing its complex wealth management and crypto investment network.
Read MoreThe UK has frozen a luxury London property and high-value watch collection belonging to Thet Li, financial chief of Cambodia's Prince Group. Sanctioned internationally for alleged money laundering, this marks another major asset seizure in the expanding cross-border fraud investigation.
Read MoreLeading Korean crypto exchange Upbit has confirmed the listing of Reserve Rights (RSR) trading pairs against both Korean Won and USDT. This move enhances RSR's market liquidity and accessibility for local and global traders, potentially boosting trading volume and price discovery.
Read MoreSWI Group has raised €800 million to develop data centers specifically for AI companies. This major investment highlights the strategic race to control foundational computing power for artificial intelligence, following its earlier acquisition of Genesis Digital Assets.
Read MoreHong Kong is set to list its second spot Solana ETF, Pando Solana ETF (2831.HK), on October 13. Global spot SOL ETF assets under management have reached $1.9 billion, with cumulative net inflows exceeding $1.61 billion, highlighting strong investor interest in Solana-based products.
Read MoreKey crypto developments emerged on Oct 12 noon. An Ethereum Foundation-linked wallet transferred significant ETH to an exchange, sparking market speculation. A former CFTC official suggested regulatory advancement without congressional action. Multiple projects reported progress in tech upgrades, token burns, and partnerships.
Read MoreGoldman Sachs raises its December Brent crude forecast to $90 per barrel while maintaining its long-term $80 average price view for 2027. The bank sees Middle Eastern supply adjustments eventually lowering prices, though geopolitical tensions pose upside risks. Extreme production scenarios could push 2027 prices between $60-$125.
Read MoreSouth Korea's Jeonbuk Bank has initiated a Bitcoin-backed loan service for corporate clients, marking a significant step in integrating traditional finance with cryptocurrency. The pilot phase accepts only Bitcoin as collateral, with future expansion dependent on market demand and regulatory developments.
Read MoreA newly created wallet withdrew 600,007 UNI tokens worth $4.61 million from Binance within one hour on October 12th, according to on-chain data. This substantial movement has drawn attention to potential whale activity, often signaling accumulation phases or strategic portfolio shifts in the crypto market.
Read MoreOKX will launch USDT-margined X-Perp contracts for CXMT, BSP, TQQQ, and UNITREE on October 12, expanding its derivatives offerings across web, app, and API platforms.
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